Civic Intelligence

Aldrich Memorial Nursery School Inc

EIN 41-0726082 • 501(c)3 • Rochester, MN

Profile

Our mission is to provide an inclusive, developmentally based program that equally fosters a child's social/emotional, physical, cognitive, and language development, focusing on interactive play. We provide a learning environment based on developmentally appropriate experiences in all areas of growth. Children learn through experimentation, manipulation, observation, and social interaction. Teachers plan the curriculum for the needs of both the group and the individual child.

855 Essex Parkway NWRochester, MN 55901

www.aldrichschool.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.41x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.72x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

45th percentile

2.4%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$72,900

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

46th percentile

2.1%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,034,475

Up $42,378 (+2.1%) from 2023

Liabilities

Down

$831,647

Down $20,216 (-2.4%) from 2023

Net Assets

Up

$1,202,828

Up $62,594 (+5.5%) from 2023

Revenue

Up

$1,150,702

Up $124,002 (+12%) from 2023

Expenses

Up

$1,123,427

Up $88,802 (+8.6%) from 2023

Net Income

Up

$27,275

Up $35,200 (+444%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,271,660Liabilities 2011: $215,142Net Assets 2011: $1,056,5182011Assets 2012: $1,229,455Liabilities 2012: $206,619Net Assets 2012: $1,022,8362012Assets 2013: $1,231,163Liabilities 2013: $189,936Net Assets 2013: $1,041,2272013Assets 2014: $1,247,778Liabilities 2014: $133,016Net Assets 2014: $1,114,7622014Assets 2015: $1,204,382Liabilities 2015: $89,536Net Assets 2015: $1,114,8462015Assets 2016: $1,151,549Liabilities 2016: $40,097Net Assets 2016: $1,111,4522016Assets 2017: $1,197,808Liabilities 2017: $76,292Net Assets 2017: $1,121,5162017Assets 2018: $1,350,479Liabilities 2018: $65,360Net Assets 2018: $1,285,1192018Assets 2019: $2,316,631Liabilities 2019: $973,729Net Assets 2019: $1,342,9022019Assets 2020: $2,428,967Liabilities 2020: $941,983Net Assets 2020: $1,486,9842020Assets 2021: $2,308,040Liabilities 2021: $1,063,935Net Assets 2021: $1,244,1052021Assets 2022: $2,050,652Liabilities 2022: $887,254Net Assets 2022: $1,163,3982022Assets 2023: $1,992,097Liabilities 2023: $851,863Net Assets 2023: $1,140,2342023Assets 2024: $2,034,475Liabilities 2024: $831,647Net Assets 2024: $1,202,8282024

Highlighted filing

2024

Assets$2,034,475
Liabilities$831,647
Net Assets$1,202,828

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $654,2032011Expenses 2012: $664,7452012Revenue 2013: $672,408Expenses 2013: $654,017Net Income 2013: $18,3912013Revenue 2014: $739,363Expenses 2014: $665,828Net Income 2014: $73,5352014Revenue 2015: $691,475Expenses 2015: $691,391Net Income 2015: $842015Revenue 2016: $786,684Expenses 2016: $790,078Net Income 2016: -$3,3942016Revenue 2017: $795,851Expenses 2017: $785,787Net Income 2017: $10,0642017Revenue 2018: $908,811Expenses 2018: $790,867Net Income 2018: $117,9442018Revenue 2019: $914,471Expenses 2019: $865,955Net Income 2019: $48,5162019Revenue 2020: $1,113,759Expenses 2020: $978,238Net Income 2020: $135,5212020Revenue 2021: $104,910Expenses 2021: $417,390Net Income 2021: -$312,4802021Revenue 2022: $968,935Expenses 2022: $984,321Net Income 2022: -$15,3862022Revenue 2023: $1,026,700Expenses 2023: $1,034,625Net Income 2023: -$7,9252023Revenue 2024: $1,150,702Expenses 2024: $1,123,427Net Income 2024: $27,2752024

Highlighted filing

2024

Revenue$1,150,702
Expenses$1,123,427
Net Income$27,275

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.03$0.83$1.20$1.15$1.12$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.99$0.85$1.14$1.03$1.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.05$0.89$1.16$0.97$0.98$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.31$1.06$1.24$0.10$0.42$0.31
2020Detailed filing. Detailed filing data is available for this year.$2.43$0.94$1.49$1.11$0.98$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.32$0.97$1.34$0.91$0.87$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.35$0.07$1.29$0.91$0.79$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.20$0.08$1.12$0.80$0.79$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.04$1.11$0.79$0.79$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.20$0.09$1.11$0.69$0.69$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.13$1.11$0.74$0.67$0.07
2013Summary only. Only limited summary data is available for this year.$1.23$0.19$1.04$0.67$0.65$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.21$1.02$0.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.22$1.06$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 17, 2025
Return Version
2023v6.0
Gross Receipts
$1,172,425
Mission and Program Overview

Mission

Our mission is to provide an inclusive, developmentally based program that equally fosters a child's social/emotional, physical, cognitive, and language development, focusing on interactive play. We provide a learning environment based on developmentally appropriate experiences in all areas of growth. Children learn through experimentation, manipulation, observation, and social interaction. Teachers plan the curriculum for the needs of both the group and the individual child.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,533,262$1,524,014▼ $9,248
Investments in Publicly Traded Securities$333,298$368,285▲ $34,987
Savings and Temporary Cash Investments$7,130$50,494▲ $43,364
Cash and Non-Interest-Bearing Accounts$69,191$45,387▼ $23,804
Accounts Receivable$8,375--
Total Assets$1,992,097$2,034,475▲ $42,378
Other Assets Total$40,841$46,295▲ $5,454
Liabilities
Mortgage Notes Payable Secured by Investment Property$808,316$773,384▼ $34,932
Accounts Payable and Accrued Expenses$37,147$50,583▲ $13,436
Deferred Revenue$6,400$7,680▲ $1,280
Total Liabilities$851,863$831,647▼ $20,216
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,140,234$1,202,828▲ $62,594
Total Net Assets Fund Balance$1,140,234$1,202,828▲ $62,594
Total Liabilities and Net Assets / Fund Balance$1,992,097$2,034,475▲ $42,378

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,350,788$1,166,983$2,517,771
Equipment$16,696$166,169$182,865
Land$150,000-$150,000
Other Land Buildings$6,530$502$7,032
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Annie GetchelExecutive DiFT$72,900$72,900

Board Members and Trustees

NameTitle
Allison GrossPresident
Monica Booe-chowdhuryPresident El
Allison BowmanBoard Member
Betsy FinkBoard Member
Kristina JosselynBoard Member
Kurt AlbersBoard Member
Laura KochanBoard Member
Melissa WalshBoard Member
Dan NemesDevelopment
Sara PaizisFamily Engag
Ben BrakkeFinance Chai
Kaitie BrakkeSecretary
Keith MorrissTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,558
Program Service Revenue
$1,015,448
Investment Income
$15,096
Other Revenue
$3,600
All Other Contributions
$37,286
Change in Net Assets
$27,275

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,146,172
Revenue Not Reported on Financial Statements
$4,530
Revenue Not Reported on Form 990
$53,273
Other Revenue Adjustments
$4,530
Total Revenue per Audited Statements
$1,199,445
Total Revenue per Form 990
$1,150,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$808,470
Other Expenses$314,957
Total Fundraising Expense$11,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$560,189$95,563$4,079$659,831
Occupancy$80,102$8,900-$89,002
Current Officers, Directors, Trustees, and Key Employees$14,870$56,506$2,974$74,350
Depreciation Depletion$48,481$12,120-$60,601
Payroll Taxes$42,985$11,364$549$54,898
Interest-$49,375-$49,375
Insurance$25,236$2,804-$28,040
Fees for Services Accounting-$24,696-$24,696
Office Expenses-$16,581$873$17,454
Pension Plan Contributions$12,508$3,467-$15,975
Information Technology-$9,109-$9,109
All Other Expenses$4,091$777-$4,868
Fees for Service Investment Mgmnt Fees-$4,530-$4,530
Other Employee Benefits$2,675$741-$3,416
Other Expenses$5,896-$2,573$2,573
Advertising-$1,930-$1,930
Total Functional Expenses$813,916$298,463$11,048$1,123,427

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,136,851
Total Expenses per Form 990$1,123,427
Expenses per Audited Statements$1,118,897
Expenses Not Reported on Form 990$17,954
Expenses Not Reported on Financial Statements$4,530
Other Expense Adjustments$4,530
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Ben brakke kaitie brakke financechair secretary family

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the executive director and approved by the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board follows the procedures laid out in the conflict of interest policy. This includes annual statements of conflicts of interest and procedures to respond to such conflicts.

Form 990, Page 6, Part VI, Line 15A

All compensation is reviewed and approved by the personnel committee, the finance committee, and the board of directors.

Form 990, Page 6, Part VI, Line 15B

All compensation is reviewed and approved by the personnel committee, the finance committee, and the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are available to the public upon request at the administrative offices.

Filing and Contact Details

Filer

Filer Name
Aldrich Memorial Nursery School Inc
EIN
41-0726082
Phone
5072893097
Address
855 ESSEX PARKWAY NW, ROCHESTER, MN 55901

Signing Officer

Name
Annie Getchel
Title
Executive Director
Phone
5072893097
Signed
2025-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annie Getchel
Formed
1948
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
47
Volunteers
50

Preparer

Firm
Alan C Anderson Chartered CPA
Address
121 14TH STREET NE SUITE B, ROCHESTER, MN 55906
Preparer
Phil Pagel CPA
Phone
5072883947
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to provide an inclusive, developmentally based program that equally fosters a child's social/emotional, physical, cognitive, and language development, focusing on interactive play. We provide a learning environment based on developmentally appropriate experiences in all areas of growth. Children learn through experimentation, manipulation, observation, and social interaction. Teachers plan the curriculum for the needs of both the group and the individual child.

Form 990, Page 2, Part III, Line 4A

Aldrich serves approximately 300 preschool children, providing them with an education built on the foundation of hands-on learning. We strive to nurture the whole child and encourage growth in all areas of child development, including social/emotional, physical, cognitive, and language. We offer programs for various ages, and we currently serve approximately 50 2-year-olds, 100 3-year-olds, and 150 4-year-olds. Program options include half days 2, 3, or 5 days per week and full days 2, 3 or 5-days per week for some age groups. In addition, we offer enrichment classes such as little chefs or spanish to supplement our traditional preschool classes. Programs such as early bird, lunch bunch, and an after-school kids' club enable parents to build a flexible schedule to best fit the needs of each family. We also offer six weeks of summer school with a variety of themes for 3 and 4 year olds, including up north at the cabin and how things work. Our board of directors coordinates various family activities throughout the year, including parent outreaches, all school enrichments, and spring playdate. Proceeds from some of these events go toward our financial assistance fund to provide scholarships to families in need. In addition, some children attend aldrich through the public school's early childhood special education program. Our goal is to be able to offer all children an opportunity for preschool so that they are more confident and better prepared when they enter kindergarten.

Form 990, Part XI, Line 9

Staff tuition discounts 17,954 investment fees -4,530 staff tuition discounts -17,954 investment fees 4,530

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Staff tuition discounts 17,954

Schedule D, Page 4, Part XI, Line 4B

INVESTMENT FEES 4,530

Schedule D, Page 4, Part XII, Line 2D

Staff tuition discounts 17,954

Schedule D, Page 4, Part XII, Line 4B

INVESTMENT FEES 4,530

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IRS990/Desc0ALDRICH SERVES APPROXIMATELY 300 PRESCHOOL CHILDREN, PROVIDING THEM WITH AN EDUCATION BUILT ON THE FOUNDATION OF HANDS-ON LEARNING. WE STRIVE TO NURTURE THE WHOLE CHILD AND ENCOURAGE GROWTH IN ALL AREAS OF CHILD DEVELOPMENT, INCLUDING SOCIAL/EMOTIONAL, PHYSICAL, COGNITIVE, AND LANGUAGE. WE OFFER PROGRAMS FOR VARIOUS AGES, AND WE CURRENTLY SERVE APPROXIMATELY 50 2-YEAR-OLDS, 100 3-YEAR-OLDS, AND 150 4-YEAR-OLDS. PROGRAM OPTIONS INCLUDE HALF DAYS 2, 3, OR 5 DAYS PER WEEK AND FULL DAYS 2, 3 OR 5-DAYS PER WEEK FOR SOME AGE GROUPS. IN ADDITION, WE OFFER ENRICHMENT CLASSES SUCH AS LITTLE CHEFS OR SPANISH TO SUPPLEMENT OUR TRADITIONAL PRESCHOOL CLASSES. PROGRAMS SUCH AS EARLY BIRD, LUNCH BUNCH, AND AN AFTER-SCHOOL KIDS' CLUB ENABLE PARENTS TO BUILD A FLEXIBLE SCHEDULE TO BEST FIT THE NEEDS OF EACH FAMILY. WE ALSO OFFER SIX WEEKS OF SUMMER SCHOOL WITH A VARIETY OF THEMES FOR 3 AND 4 YEAR OLDS, INCLUDING UP NORTH AT THE CABIN AND HOW THINGS WORK. OUR BOARD OF DIRECTORS COORDINATES VARIOUS FAMILY ACTIVITIES THROUGHOUT THE YEAR, INCLUDING PARENT OUTREACHES, ALL SCHOOL ENRICHMENTS, AND SPRING PLAYDATE. PROCEEDS FROM SOME OF THESE EVENTS GO TOWARD OUR FINANCIAL ASSISTANCE FUND TO PROVIDE SCHOLARSHIPS TO FAMILIES IN NEED. IN ADDITION, SOME CHILDREN ATTEND ALDRICH THROUGH THE PUBLIC SCHOOL'S EARLY CHILDHOOD SPECIAL EDUCATION PROGRAM. OUR GOAL IS TO BE ABLE TO OFFER ALL CHILDREN AN OPPORTUNITY FOR PRESCHOOL SO THAT THEY ARE MORE CONFIDENT AND BETTER PREPARED WHEN THEY ENTER KINDERGARTEN.
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